London’s luxury home market has collapsed over the past six months as tax changes and uncertainty around Brexit have deterred buyers from both the UK and overseas, a property investment firm has claimed.

A five-year investigation by competition authorities in Brussels into rigging of interest rates drew to a close Wednesday when three major banks – including HSBC – were fined €485m (£412m) for colluding to manipulate a crucial benchmark rate.

The state-backed Royal Bank of Scotland (RBS) is this weekend on the verge of agreeing to pay out hundreds of millions to shareholders over a $15.22bn fundraising led by former boss Fred Goodwin, even as its executive responsible for conduct and regulatory matters prepares to quit the bank.

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Barclays is taking a contrarian bet that Britain's vote to leave the European Union will help it win more investment banking business in its home market, despite the sharp slowdown in deal activity since the referendum.

The lawsuits piling up against Wells Fargo over its fake accounts scandal have expanded to include three former branch managers alleging that an area president ordered employees to open bogus accounts to juice sales.